The Procter & Gamble Company (NYSE:PG) Holdings Reduced by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership decreased its position in The Procter & Gamble Company (NYSE:PG) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,213 shares of the company’s stock after selling 785 shares during the period. Prio Wealth Limited Partnership’s holdings in Procter & Gamble were worth $10,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Koss Olinger Consulting LLC boosted its holdings in shares of Procter & Gamble by 1.5% in the third quarter. Koss Olinger Consulting LLC now owns 6,827 shares of the company’s stock valued at $1,182,000 after acquiring an additional 104 shares in the last quarter. Penn Davis Mcfarland Inc. bought a new position in shares of Procter & Gamble in the third quarter valued at approximately $4,665,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Procter & Gamble by 251.0% in the third quarter. McClarren Financial Advisors Inc. now owns 4,050 shares of the company’s stock valued at $701,000 after acquiring an additional 2,896 shares in the last quarter. Compass Ion Advisors LLC boosted its holdings in shares of Procter & Gamble by 4.3% in the third quarter. Compass Ion Advisors LLC now owns 4,467 shares of the company’s stock valued at $774,000 after acquiring an additional 184 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of Procter & Gamble by 7.8% in the third quarter. Vest Financial LLC now owns 298,044 shares of the company’s stock valued at $51,621,000 after acquiring an additional 21,448 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the transaction, the insider now owns 19,341 shares in the company, valued at approximately $3,319,882.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ma. Fatima Francisco sold 96,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the transaction, the chief executive officer now directly owns 13,721 shares in the company, valued at approximately $2,332,570. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 634 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the transaction, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 383,194 shares of company stock worth $65,140,718. 0.17% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 1.5 %

PG stock traded down $2.56 during midday trading on Monday, reaching $168.72. The company had a trading volume of 1,358,218 shares, compared to its average volume of 6,665,641. The Procter & Gamble Company has a 1 year low of $142.50 and a 1 year high of $177.94. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $398.20 billion, a P/E ratio of 27.62, a PEG ratio of 3.74 and a beta of 0.41. The company has a 50 day moving average of $171.77 and a two-hundred day moving average of $167.24.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 EPS. On average, equities research analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be issued a dividend of $1.0065 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.39%. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PG. Dbs Bank cut shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus raised their target price on shares of Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. TD Cowen began coverage on shares of Procter & Gamble in a report on Tuesday, July 23rd. They set a “buy” rating and a $189.00 target price for the company. Finally, DZ Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.